Brokerages Set 3D Systems Co. (NYSE:DDD) Target Price at $3.25

Shares of 3D Systems Co. (NYSE:DDD) have been given a consensus recommendation of “Hold” by the five research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $3.67.

Several equities analysts have recently commented on DDD shares. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, March 22nd. Cantor Fitzgerald decreased their price target on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research note on Friday. Craig Hallum raised 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Friday. Finally, StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, March 27th.

Hedge Funds Weigh In On 3D Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Icon Advisers Inc. Co. purchased a new position in shares of 3D Systems in the 4th quarter valued at about $5,248,000. Penn Capital Management Company LLC acquired a new position in 3D Systems in the fourth quarter valued at approximately $5,214,000. Two Sigma Advisers LP increased its stake in 3D Systems by 553.9% in the fourth quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock valued at $4,712,000 after purchasing an additional 1,216,900 shares during the last quarter. Two Sigma Investments LP raised its holdings in 3D Systems by 172.2% during the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock worth $4,894,000 after purchasing an additional 944,010 shares in the last quarter. Finally, ARK Investment Management LLC lifted its position in shares of 3D Systems by 13.8% during the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock worth $14,478,000 after buying an additional 535,287 shares during the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

3D Systems Stock Performance

NYSE:DDD opened at $2.11 on Thursday. The company’s 50-day moving average is $3.47 and its two-hundred day moving average is $3.24. 3D Systems has a 1-year low of $1.72 and a 1-year high of $5.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The firm has a market capitalization of $285.48 million, a price-to-earnings ratio of -0.53 and a beta of 1.63.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.